4 ms·
Just to be clear, I think move-out notice is only one area where landlords use economies of scale to their benefit. Anywho... If you're looking to price the re
by B4CKlash 6y ago
Just to be clear, I think move-out notice is only one area where landlords use economies of scale to their benefit. Anywho...
If you're looking to price the rental market and you have a 60 day notice, you're probably look at rentals that start 60-90 days out. In a hot market this is an extremely small cohort. If you're required to give 30 days notice that range can extend from 30-90 days, capturing significantly more options.
The net effect here is that tenets lose leverage. In a 30< day model I can look significantly wider without wasting time. in a 30> day model I run the risk of exhausting my runway (and probably taking the first option available).
- ponker 6y agoThis is where regulation helps. California requires that notice periods equal rent periods at a maximum. So if you pay rent monthly, you can always ditch a place with a 30-day notice. So you don't get landlords flexing their power by demanding 60-day notices because the government, so dysfunctional in many ways, was effective enough to protect the tenants.